Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones

All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle,... and the financial conditions and habits prevailing in the business community in each case.

To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions.

The ballot is stronger than bullets.

Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political — legislative and administrative — decisions and hence incapable of being an end in itself.

Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.

We always plan too much and always think too little.